Executive pay

Date: August 13, 2024Author: Philip Hamlyn Williams 0 Comments

Executive pay is demonstrably far too high as your leader and two previous articles rightly point out.

It seems that the coterie of senior executives and their counterparts in their large shareholders are some sort of mutual benefit society. However, what they are doing is not only legal it is almost encouraged by a company law that is wedded to the primacy of the shareholder. If you scratch my back…

Absurd levels of executive pay are bad enough, the primacy has for me an equally damaging impact: senior executives and shareholders all too often sell out to the highest bidder, leaving jobs at risk and the nation’s manufacturing sector denuded.

Theresa May said she was going to address this fundamental flaw and bring in wider responsibilities to all stakeholders. I hope that this government may at last take action.

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